Workflow
ST雪发(002485) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥2,016,017,199.71, representing a 32.15% increase compared to ¥1,525,581,290.30 in 2020[19] - The net profit attributable to shareholders was -¥442,951,816.30, a significant decline of 2,124.83% from -¥19,909,491.84 in the previous year[19] - The basic earnings per share for 2021 was -¥0.8142, a decline of 2,124.59% from -¥0.0366 in 2020[19] - The weighted average return on net assets was -22.61%, a decrease of 21.70% compared to -0.91% in the previous year[19] - The company reported a significant loss in non-recurring gains and losses, totaling CNY -403.94 million for the year, primarily due to fair value changes in investment properties[26] - The company's net profit attributable to shareholders decreased by 1,260.21% year-on-year, significantly impacted by a reduction in fair value gains from investment properties due to ongoing pandemic effects[61] - The fair value of investment properties decreased by 413,762,351.06, accounting for 88.17% of total profit loss, primarily due to the decline in property values[63] Cash Flow and Assets - The net cash flow from operating activities improved to ¥107,206,983.32, a 172.60% increase from -¥147,671,509.44 in 2020[19] - The total assets at the end of 2021 were ¥3,202,464,834.22, down 5.08% from ¥3,373,890,257.70 at the end of 2020[19] - The net cash flow from operating activities increased by 172.60% year-on-year, primarily due to improved collection efforts[61] - The net cash flow from investing activities decreased by 129.84% year-on-year, mainly due to increased investment in town projects[61] - The net cash flow from financing activities decreased by 48.01% year-on-year, attributed to increased loan repayments and interest payments[61] - Cash and cash equivalents decreased by 28,549,932.42, showing a 69.47% improvement compared to the previous year's decrease[61] Revenue Segmentation - The company reported a significant increase in revenue from new trade and other business activities, with a total of ¥1,962,802,857.93 in 2021[20] - Supply chain business revenue surged to ¥1,866,712,884.37, accounting for 92.60% of total revenue, with a remarkable year-on-year growth of 264.54% from ¥512,067,461.47[45] - The tourism segment generated ¥53,214,341.78, which is a significant decline of 60.60% compared to ¥135,046,268.71 in the previous year, indicating challenges in this area[45] Strategic Initiatives and Developments - The company plans not to distribute cash dividends or issue bonus shares[5] - The company aims to strengthen its operational capabilities in the cultural tourism sector while adapting to market changes amid the ongoing pandemic[36] - The company expanded its supply chain management services, focusing on coal, coke, oil, and steel, enhancing its operational scale and efficiency[33] - The company developed the "Cedar Smart Chain" platform in collaboration with the Chinese Academy of Sciences, achieving five software copyrights in supply chain technology[35] - The company has diversified its marketing strategies, integrating online and offline experiences, which has attracted a younger demographic, with Douyin platform views for Dajian Huaxiang reaching 65 million[38] Governance and Compliance - The company has established a comprehensive governance structure, including 28 internal regulations and systems to ensure compliance with legal and regulatory requirements[88] - The board of directors consists of 9 members, including 3 independent directors, meeting the requirement of over one-third independence[92] - The company has implemented a robust investor relations management system to ensure transparent communication with shareholders[95] - The company has established various committees under the board, including an audit committee and a remuneration and assessment committee, to enhance governance[92] - The company has committed to timely and accurate information disclosure, enhancing transparency and protecting shareholder rights[95] Risks and Challenges - The company acknowledges risks related to major pandemics, natural disasters, and market competition, urging investors to be cautious[4] - Economic cycle fluctuations and macroeconomic changes may affect consumer demand and, consequently, the company's performance[82] - The company faces risks from commodity price volatility, which could significantly impact its profitability[83] - Increased market competition necessitates the company to leverage its strengths and enhance its core competitiveness[84] Employee and Talent Management - The total number of employees at the end of the reporting period was 155, with 129 from major subsidiaries and 26 from the parent company[125] - The employee composition includes 83 sales personnel, 35 finance personnel, 14 administrative personnel, and 2 technical personnel[125] - The company emphasizes the cultivation and enhancement of comprehensive and high-end talents, maintaining a competitive salary structure[127] - Training plans are developed annually to align with the company's strategic development needs, focusing on various skill enhancement areas[128] Shareholder and Equity Structure - The total number of shares is 544,000,000, with 100% being unrestricted shares[189] - The largest shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., holds 63.62% of the shares, totaling 346,103,845 shares[191] - The company has not issued any new shares or conducted any share buybacks during the reporting period[192] - The shareholder structure shows a total of 11,159 shareholders at the end of the reporting period[191] Future Outlook - The company plans to focus on steady business development in 2022, emphasizing risk control and cost management to enhance profitability[79] - Future outlook includes strategic initiatives aimed at market expansion and potential mergers and acquisitions, although specific targets were not mentioned[105] - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion yuan[113]